Delta Air Lines swung to a second-quarter profit as its fuel expense dropped $710 million year-over-year, or $288 million excluding mark-to-market adjustments, due to lower fuel prices and prior year hedge losses.

Delta is the dominant carrier at Minneapolis-St. Paul International Airport and employs 9,000 people in Minnesota.

Delta CEO Richard Anderson:

“Our June quarter operational and
financial performance is among the best in Delta’s history. These
results reflect the momentum we are building at Delta and I want to
thank Delta employees worldwide for their great work, which has led to
$138 million accrued for our profit sharing program this year in
addition to $45 million of Shared Rewards. We have significant
opportunities ahead of us to expand margins, cash flows and
profitability. With initiatives like our new Terminal 4 at JFK, the
Virgin Atlantic joint venture, and our quarterly dividend and share
repurchase program, we are relentless in our efforts to build a better
airline for our employees, customers, and shareholders.”